Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising …
Full NXST analysis →
Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.94), demonstrating pricing resilience across cycles.
Nexstar Media Group, Inc. ranks #2 of 18
scored companies in Broadcasting by moat score — the top 11%.
The widest moat in the group is TEGNA Inc (TGNA)
at 84/100.
Moat scores for companies ranked near NXST in Broadcasting
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 74
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 89
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 74
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 72
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 70
· 15% of the moat score
Scale matters only when it converts into economics.
Nexstar Media Group, Inc. (NXST) scores 78 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 18 scored companies in Broadcasting, the top 11%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Broadcasting. Its strongest defense is Customer Stickiness (89/100) and its weakest is Scale & Market Position (70/100).
How does Nexstar Media Group, Inc. compare with other Broadcasting companies?
Nexstar Media Group, Inc. ranks #2 of 18 scored companies in Broadcasting by moat score. The widest moat in Broadcasting is TEGNA Inc (TGNA) at 84/100. The companies ranked closest are TEGNA Inc (TGNA) at 84 just above it and Gray Media, Inc. (GTN) at 69 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Broadcasting. The defenses are then weighted to produce the overall score out of 100.
Why is Nexstar Media Group, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Nexstar Media Group, Inc.?
The Corporate Default template measures 6 defenses, and NXST scores: Pricing Power (86), Cost Advantage (74), Customer Stickiness (89), Capital Efficiency (74), Resilience (72), Scale & Market Position (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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